Mario Gabelli

Mario Gabelli

Last Update: 02-05-2016

Number of Stocks: 812
Number of New Stocks: 37

Total Value: $15,287 Mil
Q/Q Turnover: 2%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Mario Gabelli Watch

  • CF Industries Among Stocks Trading Below Peter Lynch Value

    According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with a wide margin of safety, and at least five gurus are shareholders.


    CF Industries Holdings Inc. (CF) is trading at about $27 per share, and the Peter Lynch value gives the stock a fair price of $57.49, giving the current price a margin of safety of 53%. It is now trading with a PE ratio of 7.17, higher than 86% of companies in the Global Agricultural Inputs industry and is currently 60.97% below its 52-week high and 2.45% above its 52-week low.

      


  • Gabelli, Fisher Increase Positions in Salesforce.com

    Salesforce.com Inc. (NYSE:CRM) is a leading provider of on-demand enterprise applications. The company has an excellent customer relationship management offering, which is recognized by clients. The stock has declined 25% on a year-to-date basis.


    Catalysts

      


  • Starbucks, Foot Locker Beat the Market Over Past Year

    The following are some of the stocks that outperformed the S&P 500 Index over the last 12 months and have been bought by gurus during the last quarter.


    Avery Dennison Corp. (AVY) has a market cap of $5.55 billion, and during the last 12 months has outperformed the S&P 500 Index by 31.3%. Currently five gurus are holding the company, which has returned 3% year-to-date and 56% during the last five years. It is now trading with a P/E ratio of 20.10 and according to the DCF calculator, it looks overpriced by 88%.

      


  • Mario Gabelli Comments on Viacom Inc.

    Viacom Inc. (5.8%) (VIA – $43.99 – NASDAQ)(NASDAQ:VIA) is a pure-play content company that owns a global stable of cable networks, including MTV, Nickelodeon, Comedy Central, VH1, BET, and the Paramount movie studio. Viacom’s cable networks generate revenue from advertising sales, fixed monthly subscriber fees, and ancillary revenue from toy licensing, etc. We believe a low valuation and M&A potential outweigh the secular risks of cord-cutting.

      


  • Mario Gabelli Comments on Sony Corp

    Sony Corp. (2.6%) (NYSE:SNE)(SNE – $24.61/¥2959.84 – Tokyo Stock Exchange) is a diversified electronics and entertainment company based in Tokyo, Japan. The company manufactures televisions, PlayStation game consoles, mobile phone handsets, and cameras. It also operates the Columbia film studio and Sony Music entertainment group. We expect the new PlayStation launch and operational improvements in consumer electronics and entertainment to generate EBITDA growth through 2017. We also think the spinoff of the entertainment assets could be a catalyst.

      


  • Mario Gabelli Comments on Ryman Hospitality Properties Inc.

    Ryman Hospitality Properties Inc. (1.4%) (RHP – $51.64 – NYSE) (NYSE:RHP) is a Nashville, Tennessee based REIT that owns convention hotels in Nashville, Tennessee; Orlando, Florida; Dallas, Texas; and Washington, D.C. Other assets include the iconic Opryland, the famous Ryman Auditorium, the General Jackson Showboat, Gaylord Springs Golf Links, and Nashville based radio station WSM-AM. With property manager Marriot’s operational issues resolved, the team is focused on taking advantage of strong convention bookings trends, seeking to drive margin expansion by increasing occupancy and room rates. Finally, as the leading country music entertainment brand, a potential spin-off of the Entertainment segment, including the Grand Ole Opry, also remains a significant possible catalyst for RHP shares.

      


  • Mario Gabelli Comments on Republic Services Inc.

    Republic Services Inc. (3.2%) (RSG – $43.99 – NYSE) (NYSE:RSG), based in Phoenix, Arizona, became the second largest solid waste company in North America after its acquisition of Allied Waste Industries in December 2008. Republic provides nonhazardous solid waste collection services for commercial, industrial, municipal, and residential customers in forty-one states and Puerto Rico. Republic serves more than 2,800 municipalities and operates 193 landfills, 201 transfer stations, 340 collection operations, and 67 recycling facilities. Since the Allied merger, Republic has benefited from synergies driven by route density, beneficial use of acquired assets, and reduction in redundant corporate overhead. Republic is committed to its core solid waste business. While other providers have strayed into alternative waste resource technologies and strategies, we view Republic’s plan to remain steadfast in the traditional solid waste business positively. We expect continued solid waste growth acquisitions, earnings improvement, and incremental route density and internalization growth in already established markets to generate real value in the near to medium term, highlighting the company’s potential.

      


  • Mario Gabelli Comments on Madison Square Garden Co.

    Madison Square Garden Co. (2.7%) (MSG – $161.80 – NYSE) (NYSE:MSG) is an integrated sports and entertainment company that owns the New York Knicks, the New York Rangers, the Radio City Christmas Spectacular, The Forum, and that iconic New York venue, Madison Square Garden. These evergreen content and venue assets benefit from sustainable barriers to entry and long term secular growth. We believe the now complete transformation project, the rising value of sports franchises (as demonstrated by the sale of the Clippers), and share repurchases, should dramatically increase MSG’s per share value.

      


  • Mario Gabelli Comments on Liberty Media Corp

    Liberty Media Corp. (2.1%) (LMCK – $38.08 – NASDAQ, LMCA – $39.25 – NASDAQ) (NASDAQ:LMCK) is a diversified investment vehicle guided by cable television pioneer John Malone, the Chairman, and former Microsoft CFO Greg Maffei, the CEO. The company owns over half of satellite radio provider Sirius XM, 35% of Live Nation, the Atlanta Braves baseball club, and stakes in several other public and private entities. Malone and Maffei have created significant value for shareholders over the past several years as they tax efficiently distributed, traded, or sold interests in Discovery Communications (1.0%), News Corp. (0.5%), Time Warner Inc. (1.0%), DIRECTV, Starz, and QVC, among others. Liberty currently trades at a discount to the sum of the public values of its component parts. In a continuing strategy to close that gap, Liberty announced it would split into three tracker stocks reflecting the economics of Sirius XM, the Atlanta Braves and Live Nation, respectively.

      


  • Mario Gabelli Comments on Honeywell International Inc.

    Honeywell International Inc. (3.9%) (HON – $103.57 – NYSE) (NYSE:HON) operates as a diversified technology company with highly engineered products, including turbine propulsion engines, auxiliary power units, turbochargers, brake pads, environmental and combustion controls, sensors, security and life safety products, resins and chemicals, nuclear services, and process technology for the petrochemical and refining industries. One of the key drivers of HON’s growth are acquisitions that increase the company’s growth profile globally, creating both organic and inorganic opportunities. The company recently acquired Elster Industries, a leading provider of thermal gas solutions, smart meters, software and data analytics for the commercial, industrial and residential heating market. Elster’s gas business offers products in high demand among natural gas customers and brings a strong, global distribution network and numerous cross-selling opportunities for existing HON technologies to new customers. Elster’s gas, electric and water meters are highly valued for their reliability, safety and accuracy. The company maintains an installed base of more than 200 million meter modules deployed over the course of the last 10 years that generate significant recurring revenues. We believe acquisitions such as Elster should drive meaningful and sustained growth for HON spurred by global energy efficiency initiatives and natural resource management.

      


  • Mario Gabelli Comments on Edgewell Personal Care Co.

    Edgewell Personal Care Co. (1.5%) (EPC – $78.37 – NYSE) (NYSE:EPC), based in St. Louis, Missouri, is the renamedEnergizer Holdings, Inc. following the tax-free spin-off to shareholders of the household products division on July 1, 2015. Edgewell generates approximately $2.5 billion of revenue through its principal businesses: wet shaving, including Schick-branded razors and blades, Edge and Skintimate shaving preparation and private label shaving products; sun care, including the Banana Boat and Hawaiian Tropic brands; feminine care, Playtex and o.b. tampons and Carefree and Stayfree liners and pads; and infant care, utilizing the Playtex and Diaper Genie brands. As a pure-play personal care company, Edgewell competes in high margin, attractive categories with leading brands. We expect management to focus on improving margins through product mix, restructuring savings and operating leverage, which should afford it flexibility to reinvest in growth opportunities. At the outset, the company has approximately $1 billion of net debt, providing management with sufficient flexibility to invest in internal growth, make acquisitions and/or repurchase shares. EPC is a likely acquisition target, as a multinational competitor with a strong international infrastructure would benefit from scale and cost synergies, as well the ability to accelerate international expansion.

      


  • Mario Gabelli Comments on Cablevision Systems Corp

    Cablevision Systems Corp. (not a holding as of 12/31/2015) (CVC – $31.86 – NYSE) (NYSE:CVC) provides broadband, television, and phone service to approximately three million subscribers in the New York metropolitan area. An industry pioneer, CVC developed the most advanced cable plant in the country and converted over 70% of its subscribers into triple play (video, phone, and broadband) customers. After years as a potential acquisition candidate, in September 2015 Cablevision agreed to a sale to Altice for $34.90 per share in cash. The deal represents the culmination of efforts to surface value through transactions such as the spin-offs of Madison Square Garden and AMC Networks (1.6%) in February 2010 and June 2011, respectively.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund fourth quarter 2015 commentary.  


  • Mario Gabelli Comments on Bank of New York Mellon Corp

    Bank of New York Mellon Corp. (2.3% of net assets as of December 31, 2015) (BK – $41.22 – NYSE) (NYSE:BK) is a global leader in providing financial services to institutions and individuals. The company operates in more than one hundred markets worldwide and strives to be the global provider of choice for investment management and investment services. As of September 30, 2015, the firm had $27.4 trillion in assets under custody and $1.5 trillion in assets under management. Going forward, we expect BK to benefit from rising global incomes and the cross border movement of financial transactions. BK is also well positioned to grow earnings in a rising interest rate environment, given its large customer cash deposits and significant loan book.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund fourth quarter 2015 commentary.  


  • Mario Gabelli Adds to More Than 200 Stakes in 4th Quarter

    Mario Gabelli (Trades, Portfolio), chairman and CEO of Gabelli Asset Management Company Investors, added to more than 200 existing stakes in his portfolio in the fourth quarter. Some qualified as his largest transactions of the quarter.


    Gabelli’s most significant fourth-quarter transaction was an increase of more than 812% to his existing stake in Comcast Corp. (NASDAQ:CMCSA), a Philadelphia-based telecommunications and mass media company. Gabelli purchased 935,609 shares for an average price of $60.24 per share. The deal had a 0.35% impact on Gabelli’s portfolio.

      


  • Mario Gabelli Adds More Shares in Comcast

    Guru Mario Gabelli (Trades, Portfolio) is a contrarian investor who was born and raised in the Bronx, New York. Gabelli graduated from Fordham College and went on to attend Columbia Business School with an MBA. Shortly after Gabelli’s graduation, he began his investment career at Loeb, Rhoades & Co. as a security analyst.


    It was there that he learned from his boss John Loeb that small companies were better than large ones. Gabelli also learned to rate companies not by their earnings but by the company's cash flow statement. He learned to research and analyze companies in great detail to be able to calculate the price per share that someone would be willing to pay in order to buy the entire company.

      


  • Mario Gabelli Comments on Rolls-Royce Holding plc

    Rolls-Royce Holding plc (0.6%) (RR – $8.48/ £5.75 – London Stock Exchange) (LSE:RR) provides jet engines, power and propulsion systems, and services to commercial aviation, defense, marine, oil, and gas, and other industries. RR has leading engine positions as the sole supplier on the Airbus A350 and reengineered A330 (i.e. A330neo), and one of two suppliers on the Boeing 787 Dreamliner, two new wide body programs with healthy backlogs, to be delivered over the next decade. Engine deliveries lead to recurring, higher margin parts and service revenues, which benefit the company more than twenty years after new engines are delivered. RR’s stock continues to struggle given a recent view on 2016 earnings that calls for further medium-term headwinds, including reduced aftermarket revenue on parked legacy Boeing 777 aircraft, and weak demand in business jet, regional jet, and marine markets. Given current demand trends, the company is taking aggressive cost that includes relocating production, modernizing factories, eliminating manufacturing redundancy, and trimming layers of management. Just as important is the reinvigoration of firm culture and decision-making under new CEO Warren East, with a focus on improving information systems to drive timely and adaptive decision-making. While a meaningful inflection in earnings and cash flow will not occur before the end of the decade, Rolls has a valuable franchise as one of two commercial wide body engine providers, and a new management capable of turning the organization around in the medium term.

    From Mario Gabelli (Trades, Portfolio)'s GAMCO Equity Income Fund fourth quarter 2015 commentary.   


  • Mario Gabelli Comments on Legg Mason Inc.

    Legg Mason Inc. (0.9%) (LM – $39.23 – NYSE) (NYSE:LM) is a consortium of investment managers, known as affiliates, which operate under separate brand names, including Royce & Associates in small cap equities, Western Asset Management in fixed income, and Permal in alternative strategies. As of November 2015, the firm had approximately $690 billion of assets under management. The company has generated strong investment performance while improving operating fundamentals. Using free cash flow, the company continues to actively retire shares through repurchases.

    From Mario Gabelli (Trades, Portfolio)'s GAMCO Equity Income Fund fourth quarter 2015 commentary.   


  • Mario Gabelli Comments on JPMorgan Chase & Co.

    JPMorgan Chase & Co. (0.8%) (JPM – $66.03 – NYSE) (NYSE:JPM) is one of the oldest financial institutions in the U.S. The firm, with assets of over $2.4 trillion, provides services to millions of consumers, small businesses, and many of the world’s largest corporate, institutional, and government clients. The bank is divided into several reporting segments, including investment banking, commercial banking, financial transaction processing, asset management, and private equity. CEO Jamie Dimon is well regarded among corporate leaders, and he has positioned the company for future growth, despite the recent challenges related to the financial crisis, increased regulations, and low interest rates.

    From Mario Gabelli (Trades, Portfolio)'s GAMCO Equity Income Fund fourth quarter 2015 commentary.   


  • Mario Gabelli Comments on International Flavors & Fragrances

    International Flavors & Fragrances (1.3%) (IFF – $119.64 – NYSE) (NYSE:IFF), based in New York, is a leading global supplier of flavor and fragrances and ingredients used in food, beverage, and personal and household care products. It is the third largest manufacturer in the estimated $18 billion global industry, generating revenue and EBITDA of approximately $3 billion and $705 million, respectively. IFF should continue to benefit from the growth of packaged food and personal/household care products in emerging markets, which represent 50% of its revenue, as well as from new product innovation in developed markets. Over the next five years, we expect IFF to generate high single-digit earnings growth (assumes share repurchases). Acquisitions may further enhance this growth rate as the company looks to supplement its technology, geographic reach and/or expand into relevant adjacencies. IFF recently completed the acquisitions of Ottens Flavors, expanding its flavors business in the U.S., and Lucas Meyer Cosmetics, entering the active and functional cosmetic ingredients market.

    From Mario Gabelli (Trades, Portfolio)'s GAMCO Equity Income Fund fourth quarter 2015 commentary.   


  • Mario Gabelli Comments on Home Depot Inc.

    Home Depot Inc. (2.7%) (HD – $132.25 – NYSE)(NYSE:HD), based in Atlanta, Georgia, is the world’s largest home improvement retailer, with fiscal 2014 revenue of $83.2 billion and EBITDA of $12.1 billion. Home Depot has 2,270 retail stores, which sell a range of building materials, home improvement products, and lawn and garden products, to do-it-yourself, do-it-for-me, and professional customers. We expect the continued improvement in the housing market to provide uplift to Home Depot’s business, encouraging consumers to invest in their homes. Notably, the company generates significant cash flow, has a strong balance sheet, and should continue to benefit as the housing recovery improves. To make use of its available cash flow, we expect Home Depot to continue to repurchase stock.

    From Mario Gabelli (Trades, Portfolio)'s GAMCO Equity Income Fund fourth quarter 2015 commentary.   


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